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Tesoro Bullish Moving Average Crossover Alert (TSO)

By Nick Russo

Today, shares of Tesoro (NYSE:TSO) have crossed bullishly above their 10-day moving average of $77.17 on a volume of 231K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tesoro share prices have been bracketed by a low of $67.80 and a high of $119.67 and are now at $78.99, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tesoro on March 31st, 2016 by issuing a Downtrend alert when the shares were trading at $85.13. Since that call, shares of Tesoro have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Tesoro

Ticker(s): TSO